OREANDA-NEWS. The first phase of Beida Weiming Bioeconomy Model Zone started construction in Chaohu Economic Development Zone on August 26.

It is learned that the total investment of the project reaches 10 billion yuan and covers an area of 400 mu. After the competion, the sales revenue will hit 50 billion yuan annually and the tax revenue will reach 5,000 million yuan every year.

In addition to this project, 10 other projects also started construction this time. It is introduced that 11 projects with total investment of 18.854 billion yuan cover an area of 1532.12 mu.